DAMAI ENT (01060) opened higher by over 3% following the release of a positive profit alert. As of the time of writing, the stock is up 3.28%, trading at HKD 0.63 with a turnover of HKD 3.86 million.

On May 8, DAMAI ENT issued an announcement projecting that the group's net profit attributable to owners for the twelve months ending March 31, 2026, will be no less than RMB 700 million. This compares to a net profit attributable to owners of approximately RMB 364 million for the twelve months ended March 31, 2025.

The increase in net profit is primarily attributed to the group's more robust asset structure, a further reduction in investment portfolio risk exposure, and a year-on-year narrowing of investment losses.